Laserfiche WebLink
200502190 <br />ADJUSTABLE RATE RIDER <br />THIS ADJUSTABLE RATE RIDER is made this 14th day of March , <br />2005 , and is incorporated into and shall be deemed to amend and supplement <br />the Mortgage, Deed of Trust or Security Deed (the "Security Instrument ") of the same date given by the <br />undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to <br />Home Federal Savings and Loam Association of Grand Island <br />(the "Lender ") of the same date and covering the Property described in the Security Instrument and located <br />at:511 W 16TH ST AND 301 E. 7TH STREET <br />GRAND ISLAND, NE 68801 <br />[Property Address] <br />THIS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN MY <br />INTEREST RATE AND MY MONTHLY PAYMENT. INCREASES IN THE <br />INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE <br />INTEREST RATE WILL RESULT IN LOWER PAYMENTS. <br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security <br />Instrument, Borrower and Lender further covenant and agree as follows: <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial interest rate of 6.125%. The Note provides for <br />changes in the interest rate and the monthly payments, as follows: <br />4. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />(A) Change Dates <br />The interest rate I will pay may change on the 1st day of April. <br />2008 , and on that day every 12 month thereafter. Each date on which my interest rate <br />could change is called a "Change Date." <br />MULTISTATE ADJUSTABLE RATE RIDER - Single Family <br />(M-899U (9705).01 1197 <br />ID <br />Page 1 of 4 Initials: <br />VMP MORTGAGE FORMS - ($00)521 -7291 <br />